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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Commercial land
Chapel Hl Rd, Morrisville, NC 27560
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0160164
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.02 ac (871 SF)
Zoning code
RAC
APN
0746.02-66-6895 0516592
UPID
US53-0160164
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Ramakrishna LLC · 2 yrs held
Ramakrishna LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
RAC · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,095,000
ML approach
$2,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $2.10M (Apr 29 2024)
Last sale anchor
$2.10M
Apr 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$105
Assessed 2024
Previous assessed
$105
+0.0% YoY
Assessed land
$105
Land market value
$105
Total market value
$105
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
0.02 ac (871 SF)
Zoning code
RAC
APN
0746.02-66-6895 0516592
UPID
US53-0160164
Jurisdiction
WAKE
Zoning & alternative use
RAC · Morrisville, NC
Zoning RAC · permitted uses
RAC · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
0.02 ac
Current owner
From public records · entity-resolved
Ramakrishna LLC
Entity
Mailing address
9484 CHAPEL HL RD, CARY, NC 27513-2600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
$2,095,000
Ramakrishna LLC
Morrisville Ard Cgp LLC
Special Warranty Deed
$1,100,000 · Truliant FCU
May 17, 2021
—
Becklee Place INC
Yard Nique INC
Quitclaim Deed
related
—
Dec 17, 2020
—
Wilkerson Office LLC
Joseph M Wilkerson
Quitclaim Deed
related
—
Aug 18, 2020
—
Brian W Dumont
William J Dumont
Quitclaim Deed
related
—
Mar 20, 2019
—
Brian W Bumont
—
Deed
related
$431,000 · Paragon Bk
Jan 19, 2018
$1,180,000
Huh & Lim Group LLC
Chiotakis,anthony V
Warranty Deed
$826,000 · First South Bk
Dec 21, 2017
—
Tarheel Wood Treating Co
—
Deed
related
$1,000,000 · Harvest Small Busn Fin LLC
Feb 27, 2017
—
Tarheel Wood Treating Co
—
Deed
related
$48,164 · Paragon Com'l Bk
Sep 14, 2016
—
Yard-nique INC
—
Grant Deed
related
$6,100,000 · Yadkin Bk
May 17, 2016
—
Marie P Chiotakis
Chiotakis,marie P
Quitclaim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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